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Kosovo Seizes Hundreds of ASICs After Bitcoin Mining Ban

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Sun, 9/01/2022 - 13:53
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Kosovo Seizes Hundreds of ASICs After Bitcoin Mining Ban
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Kosovo, a partially recognized state in Southeast Europe, confiscated 272 different ASICs that were used for mining Bitcoin, according to a police statement issued on Saturday.

The operation also resulted in the arrest of one individual found guilty of authorized mining.

The equipment seized by the authorities consumes the same amount of electricity as 500 houses.

Kosovo announced a blanket ban on cryptocurrency mining last week due to a crippling energy crisis that the partially recognized country faced this winter. It was imposed based on the recommendations of a technical committee.

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Several smaller seizures took place earlier this week. 

Mining mostly took place in Kosovo's northern municipalities, in which Serbian people are in the majority. 

Kosovo formally declared independence from Serbia back in 2008.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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